Ronali Hotel Sets to Expand With Half a Billion Birr Investment
Addis Ababa, Ethiopia – is set to get another local brand hotel, Ronali, which comes with a total investment of half a billion Br. The Hotel, located in Bole District will house a total of 203 rooms.
Currently, the hotel has completed 64 rooms, a gymnasium, conference room, restaurant, cafe, bar, spa, and commercial centres for a cost of 350 million Br. The owners have allocated an additional 150 million Br to finish and furnish the other rooms and for the construction of a swimming pool, spa and sauna. The nine-storey hotel, located in the Ayat neighbourhood of Addis Abeba, occupies roughly 1,200sqm of an area and is part of a larger development that involves about 7,800sqm of land.
It is expected that the hotel, once it becomes fully operational, will create employment opportunities for 250 people.
The owner of the hotel said that he initially took the land for a real estate development but changed his plans to convert it to a hotel.
“I changed my mind on the advice of a friend who convinced me to invest in the hotel business,” said Tadele Mulu, managing director and major shareholder of Ronali. Tadele, a civil engineer and co-owner of Ronali Construction Plc., joined the hotel industry business when he first opened the six-storey Empire Addis Hotel in 2011 near Bole International Airport. Ronali Construction, the builder of record of the new hotel, has been in business for over two decades with experiences constructing over 30 condominium buildings for the Addis Abeba City Administration.
The walls of the lobby and the bedrooms, designed by Tadele, are furnished with broken glasses.
“Beyond the design work, I was involved in collecting broken pieces of glass,” he told Fortune.
The management of the hotel expects that Ronali, once completed and operating, would earn a four-star rating.
Kumneger Teketel, managing director of Ozzie Business & Hospitality Group, believes that the hotel would have a positive impact on the industry.
“It can bring price options for customers,” he says. “Besides, it is located at a strategic location, where the Addis-Africa International Convention & Exhibition Center (AAICEC) is being built.”
The AAICEC, an exhibition centre, is under-construction in two phases for an estimated cost of 2.7 billion Br. The first phase involves the construction of the centre and shops while the second phase will entail the development of a conference centre with a capacity to hold 5,000 people, a restaurant and hotel.
Source: Addis Fortune
